Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $50.61 and traded as low as $48.43. Fidelity MSCI Consumer Staples Index ETF shares last traded at $48.89, with a volume of 113,711 shares traded.

Fidelity MSCI Consumer Staples Index ETF Price Performance

The firm has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $49.97. The firm has a market capitalization of $1.13 billion, a PE ratio of 25.43 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Fidelity MSCI Consumer Staples Index ETF by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,230,440 shares of the exchange traded fund’s stock valued at $113,864,000 after acquiring an additional 20,827 shares in the last quarter. Systelligence LLC grew its position in shares of Fidelity MSCI Consumer Staples Index ETF by 4.0% during the third quarter. Systelligence LLC now owns 261,874 shares of the exchange traded fund’s stock valued at $13,369,000 after purchasing an additional 10,092 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 14,613.6% in the third quarter. International Assets Investment Management LLC now owns 259,106 shares of the exchange traded fund’s stock worth $132,270,000 after purchasing an additional 257,345 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 13.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 180,728 shares of the exchange traded fund’s stock worth $9,237,000 after buying an additional 21,303 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Fidelity MSCI Consumer Staples Index ETF by 523.6% during the third quarter. Larson Financial Group LLC now owns 159,195 shares of the exchange traded fund’s stock valued at $8,127,000 after buying an additional 133,667 shares during the last quarter.

Fidelity MSCI Consumer Staples Index ETF Company Profile

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.